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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 986 · 40 questions
TalentJR

Business tip (Cost plus a fair markup): Markup (profit on one) = cost × percent ÷ 100. Selling price = cost + markup. Markup percent = (selling price − cost) × 100 ÷ cost. Check the price against what buyers will pay.

NameDateTime takenScore ___ / 40
  1. 1.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  2. 2.One glass of chai costs ₹56 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹46 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹45 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹10 to make and Arjun sells it for ₹15. What is the markup in percent?
  6. 6.One friendship band costs ₹15 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹15 to make and Saanvi sells it for ₹18. What is the markup in percent?
  8. 8.One painted pebble costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹40 to make and Ananya sells it for ₹60. What is the markup in percent?
  10. 10.One painted pebble costs ₹19 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹20 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  13. 13.One friendship band costs ₹21 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹40 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹32 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One fruit cup costs ₹35 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹28 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  20. 20.One painted pebble costs ₹60 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹24 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹20 to make and Diya sells it for ₹25. What is the markup in percent?
  23. 23.One cupcake costs ₹44 to make and Ananya sells it for ₹55. What is the markup in percent?
  24. 24.One fruit cup costs ₹20 to make and Kabir sells it for ₹24. What is the markup in percent?
  25. 25.One fruit cup costs ₹49 to make and Meera sells it for ₹98. What is the markup in percent?
  26. 26.One friendship band costs ₹30 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  28. 28.One fruit cup costs ₹44 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹49 to make and Farhan sells it for ₹98. What is the markup in percent?
  32. 32.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  33. 33.One glass of chai costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  34. 34.One cupcake costs ₹34 to make and Farhan sells it for ₹51. What is the markup in percent?
  35. 35.One painted pebble costs ₹60 to make and Zoya sells it for ₹72. What is the markup in percent?
  36. 36.One potted plant costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  37. 37.One cupcake costs ₹20 to make and Ananya sells it for ₹30. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹44 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹46 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹14 to make and Rohan sells it for ₹28. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 14
  3. 69
  4. 54
  5. 50
  6. 30
  7. 20
  8. 55
  9. 50
  10. 38
  11. 24
  12. what buyers will pay
  13. 21
  14. 40
  15. 8
  16. 7
  17. 56
  18. 33
  19. a loss
  20. 15
  21. 30
  22. 25
  23. 25
  24. 20
  25. 100
  26. 36
  27. 25
  28. 55
  29. 48
  30. 44
  31. 100
  32. cost + a markup
  33. 20
  34. 50
  35. 20
  36. 10
  37. 50
  38. 55
  39. 92
  40. 100

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